and even john mccain when he was campaigning wanted to set up a government facility to buy the funds and restructure them. that's what tarp was supposed to be about. >> rose: why do you think they were not listening to that? >> i think at the bottom line, the philosophy was just focus on the big banks. focus on the big banks, make sure we have plenty of money. and hank pretty much says this in his book and i think the philosophy with larry summers was the same. if you recall, there was an allotment of dell 700 billion. they couldn't draw it down because nancy pelosi other ands had told them they need a loan modification program. when congress approved tarp, they thought they were approving troubled asset relief, the program to get the loans off the books of the banks and restructured. they had to say they had some kind of foreclosure program to get the second $350 billion. i think what they were focused on was any program. they didn't really care. and they were told by a lot of people, including me, that the program they were look at, the financial incentives, were not going to work